What China´s “New Normal” Means for Leaders

By Henri-Claude de Bettignies – in INSEAD Knowledge.

Slowing economic growth and the changing shape of leadership and management in China.

2014 marked the end of China’s period of miracle growth. Amid a real estate and manufacturing slowdown, economic growth slipped to 7.4 percent last year, China’s lowest level since 1990. It marks the first time since 1999 that the pace of growth fell short of Beijing’s target (which was 7.5 percent for 2014).

This is not a blip but the culmination of a multi-year trend of reduced growth. A new phase has begun in the maturation of China as an economic superpower, an era that President Xi Jinping has taken to calling “the new normal”. The ongoing challenge for Beijing is to transition from a largely investment-propelled, export-oriented economy to one increasingly driven by consumption.

Check:

http://knowledge.insead.edu/blog/insead-blog/what-chinas-new-normal-means-for-leaders-3857#qekfHX7tluyuwSHr.99

Povl Tiedemann
February 2015

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